Hello-
I am doing some analysis of historical (2013-14) Prosper loans and am curious if there are any dominant reasons why applicants might withdraw their loans before funding. I assume that some might 1) simply change their minds, or 2) some might get a better offer elsewhere. Hopefully not many weddings were called off at the last minute :-)
Is there any clear cut explanations or even good guesses around this? Feel free to point me to any existing comments on this topic.
Thank you
I am doing some analysis of historical (2013-14) Prosper loans and am curious if there are any dominant reasons why applicants might withdraw their loans before funding. I assume that some might 1) simply change their minds, or 2) some might get a better offer elsewhere. Hopefully not many weddings were called off at the last minute :-)
Is there any clear cut explanations or even good guesses around this? Feel free to point me to any existing comments on this topic.
Thank you